Articles

ORION Investment Real Estate is proud to announce the sale of the new, three-tenant development for $2,614,400 ($520/SF). The newly constructed building includes: Five Guys Burgers and Fries, Dunkin’ Donuts and Little Caesars. This three-tenant, new construction is situated at the signalized intersection of Beeline Highway and Bonita Street in Payson, Arizona. The site is…

Phoenix lands at number two on CBRE’s annual Tech-Thirty list, which analyzes the 30 leading technology markets in the U.S. and Canada in terms of high-tech software/services job growth. Second only to San Francisco, the Valley continues to see the strongest tech-sector job growth in North America, reporting 44.5 percent job growth and more than…

Country Club Greens Apartment Homes, totaling 68 units, closed yesterday for $6,025,000 ($88,603/unit). The building was fully occupied at close of escrow. Christopher Roach, Matthew Roach, and Joseph Dietz of ORION Investment Real Estate negotiated the off market transaction. “The buyers are a father and son team out of Vancouver, Canada. They plan to hold…

The Arizona component of The American Institute of Architects recognized excellence in architectural projects and practices at the 2016 AIA Arizona Design Awards Gala on Oct. 14 at the Phoenix Art Museum. Over 400 architects, students, clients and industry professional gathered in celebration of the projects and companies being honored at this premier event. The…

LGE Design Build recently completed Utility Trailer’s 60,000-square-foot Arizona headquarters at the Rados Tolleson Center. Utility Trailer and its 50 employees outgrew their previous facility in Phoenix, near 22nd Avenue and McDowell Road, where the family-owned business has been located since 1953. The company’s new Arizona headquarters, located on 14 acres at 83rd Avenue and…

Mainstreet, the nation’s largest developer of post-acute health care properties, has selected Balfour Beatty Construction to build two new transitional care properties located in Tucson and Chandler, Ariz. With a total project value of $24 million, the properties will provide post-acute care, short-stay rehabilitation and therapy for patients in a service-rich environment. Each of the…

SkySong, The ASU Scottsdale Innovation Center, will welcome a prominent new tenant to its newest office building. Brightcove, a pioneering force in the world of online video, signed a lease to occupy 13,000 square feet of the first floor of SkySong 4. The company, relocating from Tempe, has nearly 5,000 customers in 70 countries is a leading provider of cloud services for video. It company offers…

CBRE has been chosen to oversee the leasing of space at One South Church, the tallest and most recognizable building in Tucson. Located at 1 S. Church Ave in Tucson, Arizona, the 240,811 sq. ft. Class A office space offers a wide spectrum of flexible leasing options for tenants ranging in size from 1,000 sq.…

Colliers International in Greater Phoenix released its third quarter 2016 Multifamily Statistics, which report that market conditions strengthened in the past three months, decreasing vacancy and pushing rents higher. This decrease in vacancy occurred during a period when developers brought new units to the market, showing how strong demand is in this Southwest city. The…

The Gila River Indian Community and Gov. Stephen R. Lewis have expressed their deep disappointment at a ruling late last week by U.S. District Judge Diane Humetewa, who rejected the Community’s request for an injunction temporarily halting construction of an extension of the South Mountain/Loop 202 Freeway. The nearly $2 billion construction project would…

CBRE recently completed the sale of 1133 West Fifth, a 44-unit multifamily property located at 1133 W. 5th St in Tempe, Arizona. Brian Smuckler and Jeff Seaman of CBRE Multifamily Investment Properties in Phoenix negotiated the property on behalf of both buyer and seller. The seller was Alchemy Partners, LLC. The buyer was Trimark-2016 Arizona…

The 2016-2017 NAIOP Arizona Developing Leaders Mentor Program protégés have been announced, and the 16 young professionals come from all corners of the Valley’s commercial real estate industry. Each protégé was selected to participate in the year-long program in which they will attend educational seminars and complete a full scale development project by the end…